KMB may not be the most exciting company in the universe;
nevertheless, its stock continues to attract investment due to
its stability. Although this play has pulled back so far this
week due to general market uneasiness, KMB could make a move
tomorrow following some potentially positive developments after
the close. KMB's Executive Vice President, Kathi Seifert, is
speaking at the Banc of America Securities Consumer Products
Conference Tuesday afternoon. She will be outlining KMB's
strategic initiatives and provide an overview of the company.
These types of presentations are usually pretty positive because
they are designed to encourage investment in the company by the
conference attendees. Technically speaking, KMB saw its third
mild down spike of the past two weeks today. The previous two
spikes were one day events and the stock quickly recovered and
moved right back to its 50-DMA. This moving average closed today
at $67.97. We would be cautious about adding positions if this
pattern does not repeat itself and KMB drops below $65.28.
Otherwise, traders could consider adding to positions if KMB
opens flat to a little higher (no more than two points).

Wednesday's Update:

While KMB continues to base around the $67 level, it successfully
tested the $65 level today and moved higher. This is important
as it gives investors in the stock more confidence to hold
through rocky times such as we have been seeing all week. As
noted yesterday, we are also anticipating some encouraging words
out of KMB's Vice President, Kathi Seifert, at the company's
presentation tonight at the Bank of America Consumer Products
Conference in New York. She is set to present an overview of the
company's strategies going forward into next year. Looking at
the chart, we note that resistance has come in at the 50-dma, now
located at $68 and support can be found at $65. Any moves higher
over the next few days will likely trigger a bullish crossover in
the MACD. New positions could be considered if the stock breaks
through the 50-dma at $68 on volume that puts the stock on track
to do 2 million shares by days end. Our stops remain at $62.50
to keep losses in check should KMB reverse course.